Lontor Hi-Tech Development Company operates across Nigeria with a product suite spanning MI Smart TVs, energy-saving kitchen appliances, and next-generation solar solutions, including 5 kVA and 15 kVA inverter-based Residential and Enterprise Energy Storage Systems (RESS/ESS). In 2024 the firm introduced its RESS product, claiming it can cut household electricity costs by roughly 80 percent. Lontor’s dealer-centric business model relies on nationwide distributors and partners, whose resilience the company highlighted at its 2025 Business Conference. During that event, management outlined a 2026 growth strategy focused on deeper market penetration and improved dealer logistics. Central to this plan is the newly launched Wuling Bus Partnership Programme, positioned as both a mobility tool and a channel-expansion initiative. The company’s parent, Choice International Group, supports these efforts, with Chairperson Chief Diana Chen emphasizing collaboration and inclusive growth. The recent N1.2 billion capital commitment from partners underscores external confidence in Lontor’s roadmap and provides fresh funding to accelerate rollout of the programme and strengthen the firm’s nationwide footprint.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Nov 2025